XRP Prints Gravestone Doji On Weekly Timeframe — What This Means For Price

XRP has began the brand new 12 months with an attention-grabbing quantity of upside enhance, following weeks of constant bearish motion that resulted in 2025. Amid the modest bullish sentiment out there, a current analysis has surfaced, which proffers a cautious outlook on the XRP worth.

What Does The Gravestone Doji Reveal?

In a current post on X, standard analyst Ali Martinez shares {that a} candlestick — particularly the headstone Doji — has appeared on XRP’s weekly chart. While a normal doji candle usually tells a narrative of indecision between the consumers and sellers of an asset, a headstone doji tells a distinct story, in that the three defining options: the open, shut, and low ranges are at or very close to the identical worth. The headstone Doji additionally presents with an extended higher wick (additionally known as a shadow) and has little or no or no decrease wicks. Based on its construction, it turns into obvious what will need to have occurred out there. 

A protracted higher wick is usually an indication of bearish rejection after the market has been initially dominated by consumers. Simply put, sellers stepped in aggressively to push costs again downwards, counteracting earlier progress influenced by consumers. This, then, signifies the presence of serious resistance above, because the candlestick is unable to shut above the open worth. 

In this case, the Doji seems on the next (weekly) timeframe, suggesting that this rejection from the upside carries significance for worth. The higher wick extends in direction of the $2.41 worth stage, and sharply declines downwards, sending the value in direction of the $2.06 assist. Nonetheless, it’s value noting that the looks of a headstone doji is just not computerized bearish information. More precisely, it indicators the lack of bullish energy, in flip reflecting hesitation or unwillingness amongst consumers, particularly within the quick to medium-term.

Key Levels To Watch As XRP Stands At Critical Point

For the XRP worth to grow to be actually bearish, the weekly candle should shut beneath the important $2.00 threshold. When this occurs, costs may fall to as little as $1.88, the place the following assist lies, indicating a bearish outlook within the quick to midterm.

On the opposite hand, the closure of the doji above $2.00 will give a glimmer of hope to the XRP worth, as macroeconomic components may come into play in injecting new demand into the market. In this case, the $2.10 – $2.30 resistance area should be overcome to permit a sustained uptrend. 

As of this writing, XRP trades at $2.08, reflecting a measly 0.31% % transfer within the final 24 hours, per CoinMarketCap information.